Budgeting for Departments
General Rules
Student employees: employer is not usually charged for social security, retirement, health insurance, or unemployment. Please refer to the Student Employment Office website for more information regarding student employment.
Temporary employees: employer is not charged for retirement or health insurance unless the employee becomes eligible for the benefit. The Monitoring Hours for Temporary Hourly Employees (PDF) includes details of potential benefit impacts. For more information or individual eligibility determinations contact Payroll and Benefits at ext.6460.
Tax Rates
| Employee | Employer | Total | Maximum Wages | |
|---|---|---|---|---|
| OASI | 6.20% | 6.20% | 12.40% |
$142,800 (2021) |
| Medicare | 1.45% | 1.45% | 2.90% | All Wages |
| Total | 7.65% | 7.65% | 15.30% |
Current Retirement Rates
(Effective 09/01/2022)
| Employee | Employer | ||
|---|---|---|---|
| PERS 1 | 6.00% | 10.39% | |
| PERS 2 | 6.36% | 10.39% | |
| PERS 3 | See Handbook | 10.39% | |
| TRS 2 | 8.05% | 14.69% | |
| TRS 3 | See Handbook | 14.42% | |
| LEOFF 2 | 8.53% | 8.71% | |
| TIAA-CREF | Age less than 35 Age 35 to 50 Age over 50 |
5.00% 7.50% 10.00% |
5.00% 7.50% 10.00% |
Paid Family and Medical Leave
| Employee | Employer | |
|---|---|---|
| .2533% | .1607% |
Medical/Dental Employer Contribution
(Fiscal year rates)
| July 1, 2022 - June 30, 2023 | $1130.00/ month |
| July 1, 2021 - June 30, 2022 | $936.00/ month |
| July 1, 2020 - June 30, 2021 | $976.00/ month |
Industrial Insurance
(Calendar year rates per hour worked)
| Employee | Employer | ||
|---|---|---|---|
| 2021 Rate | $0.10005 | $0.21895 | |
|
2021 Rate |
$0.10005 | $0.21895 | |
|
2020 Rate |
$0.0997 | $0.2329 |
Volunteer Rate for Industrial Insurance
(Calendar year rates)
| Employee | Employer | ||
|---|---|---|---|
| 2022 Rate | $0.0000 | $0.0461 | |
| 2021 Rate | $0.0000 | $0.05030 | |
|
2019 Rate |
$0.0000 | $0.0681 |